Investment sales

Tel-Twelve
Investment salesMichiganNews

JLL Brokers $45 Million Sale of 193,850-Square-Foot Open-Air Retail Center in Metro Detroit

by Katie Sloan

Southfield, Mich. — JLL Capital Markets has brokered the $45 million sale of Tel Twelve, a 193,850-square-foot retail center in Southfield. The property is located roughly 15 miles northwest of Detroit at 28400 Telegraph Road. The center was 98 percent occupied at the time of sale by tenants including Best Buy, Ulta Beauty, DSW, PetSmart, BuyBuy Baby and Michaels. Meijer and Lowe’s shadow-anchor the property, which was built in 1968 and renovated in 2005. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, RPT Realty, and procured …

Continue Reading
0 FacebookTwitterLinkedinEmail
Orchard-Crossing
IndianaInvestment salesNews

DRA Advisors Sells 130,100-Square-Foot Retail Center in Fort Wayne, Indiana

by Katie Sloan

Fort Wayne, Ind. — DRA Advisors has sold Orchard Crossing, a 130,100-square-foot retail center shadow-anchored by Target in Fort Wayne. Developed in 2008 at 902 S. Thomas Road, the property was 99 percent occupied at the time of sale by tenants including Hobby Lobby, Barnes & Noble, Dollar Tree and Five Below. Amy Sands, Clinton Mitchell and Michael Nieder of JLL Capital Markets represented the seller and procured the buyer, LBX Investments, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Beal-Commons
FloridaInvestment salesNews

Stan Johnson Arranges $8.4 Million Sale of Beal Commons in Fort Walton Beach, Florida

by Katie Sloan

Fort Walton Beach, Fla. — Stan Johnson Co. has arranged the $8.4 million sale of Beal Commons, a 15,982-square-foot retail center located at 575 Beal Parkway NW in Fort Walton Beach. Chase Dominguez of Stan Johnson represented the seller, an undisclosed local developer, in the disposition of the property to an individual investor based in Arizona. Both parties were involved in 1031 exchanges. The center was built in 2006 and renovated in 2019. Tenants at the time of sale included Starbucks Coffee, FedEx Office, Verizon and Ruby Tuesday.

Continue Reading
0 FacebookTwitterLinkedinEmail
Target_Homestead
FloridaInvestment salesNews

SRS Brokers $23.8 Million Portfolio Sale of Three Single-Tenant Retail Properties Under Construction in Suburban Miami

by Katie Sloan

Homestead, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $23.8 million sale of three ground-leased, single-tenant retail properties located in the Miami suburb of Homestead. The properties are under construction and have been pre-leased by Target, Raising Cane’s and Murphy Oil. Target will open in late 2022, Raising Cane’s will open this month and Murphy Oil will open in the fall. Patrick Nutt and William Wamble of SRS represented the seller, an entity doing business as Homestead Pavilion LLC, in the transaction. The buyer was an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppes-Lakeland
FloridaInvestment salesNews

Avanti Way Realty Brokers $7.1 Million Sale of Shoppes at Lakeland Square Mall in Metro Tampa

by Katie Sloan

Lakeland, Fla. — Avanti Way Realty has brokered the $7.1 million sale of Shoppes at Lakeland Square Mall, a 44,375-square-foot retail center located roughly 36 miles northeast of Tampa in Lakeland. Ollie’s Bargain Outlet anchors the property, which was fully occupied at the time of sale by tenants including All about Puppies, My Salon Suite, Regal Nails Salon & Spa and VidaCann. The center consists of two buildings occupying 4.5 acres at 4000 U.S. Hwy 98. Maria Gueits of Avanti Way Realty represented the buyer, Carrera Family Investments, in the 1031 exchange …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNews

Longpoint Partners Acquires Grocery-Anchored Shopping Center in South Florida for $43.3 Million

by Katie Sloan

Hialeah, Fla. — Longpoint Partners has acquired El Paraiso, a grocery-anchored shopping center in the Miami suburb of Hialeah, for $43.3 million. Anchored by Sedano’s, the property was 98 percent leased at the time of sale to tenants including University Healthcare, Regions Bank and Pet Supermarket, as well as more than 30 shops. The seller was not disclosed. In addition to El Paraiso, Longpoint currently owns and operates three additional specialty grocery-anchored shopping centers in Florida totaling nearly 450,000 square feet: the Sedano’s-anchored Pembroke Place, the Fresco y Mas-anchored Naranja …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesLouisianaNews

Routh Group Purchases 560,343-Square-Foot Louisiana Boardwalk Shopping Center in Bossier City

by Katie Sloan

Bossier City, La. — Routh Group has purchased Louisiana Boardwalk, a 560,343-square-foot, open-air shopping center located at 540 Boardwalk Blvd. in Bossier City, a northern Louisiana city bordering Shreveport. Adam Howells, Ryan Shore, Zach Riebe, Matthew Barge and Cole Sutter of JLL represented the undisclosed seller that sold the value-add property for $30.5 million. Situated along I-20 and the Red River, Louisiana Boardwalk is within walking distance of two major casinos: Margaritaville Resort Casino and Horseshoe Bossier City Casino. The shopping center was 67 percent leased at the time of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hanley-Shadow-Center
IndianaInvestment salesNews

Hanley Investment Group Arranges Sale of Multi-Tenant Retail Center, Freestanding Starbucks in Terre Haute, Indiana

by Katie Sloan

Terre Haute, Ind. — Hanley Investment Group Real Estate Advisors has arranged the sales of a 41,663-square-foot retail center and a freestanding Starbucks Coffee location in Terre Haute. The properties are both portions of South Pointe Crossing, a retail center shadow-anchored by Kroger on U.S. Highway 41. Dylan Mallory of Hanley, in association with ParaSell Inc., represented the seller, Thompson Thrift Commercial, in both transactions. A private family office based in Erie, Pennsylvania, acquired the 2,212-square-foot Starbucks outparcel for $1.8 million. Drew Baldwin and Jake Duska of Baldwin Brothers Inc. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hilltop-Retail
FinanceInvestment salesNewsWashington

NorthMarq Secures $2.5 Million Acquisition Financing for Retail Property in Metro Seattle

by Katie Sloan

Woodinville, Wash. — NorthMarq has secured $2.5 million in financing for the $6.9 million acquisition of Hilltop Retail Center, a 15,094-square-foot property located roughly 20 miles northeast of Seattle in Woodinville. The center was constructed in 2008 at 15610 Woodinville-Duvall Road and was fully leased at the time of sale. Bob Spiro and Scott Moline of NorthMarq secured the permanent-fixed loan, which features a 20-year term, on behalf of the undisclosed borrower through a life insurance company. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Mary-Brickell-Village_Miami
FloridaInvestment salesNews

Rockpoint, Ivanhoe Cambridge Sell Mary Brickell Village Mixed-Use Property in Miami for $216 Million

by Katie Sloan

Miami — Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village, a Publix-anchored mixed-use property in Miami’s Brickell district. RPT Realty purchased the 200,503-square-foot development for $216 million. Danny Finkle, Chris Angelone, Matthew Lawton, Eric Williams and Kim Flores of JLL represented the sellers in the transaction. Situated on 5.2 acres at 901 S. Miami Ave., Mary Brickell Village’s tenant roster includes Miami’s only LA Fitness Signature Club, as well as Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks Coffee, Massage Envy, Candela Gastro Bar and EWM Realty. The mixed-use …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts